Addresing the Implementation of Preferential Trade Agreements: The Law and Pratice of the European Union-MJS
AbstractTrade agreements imply preferential trade treatment among the parties. As such, they must in principle meet the conditions of Articles XXIV of GATT and V of GATS. This means that an agreement must provide for reciprocal trade benefits for substantially all trade in goods between the parties, and it must have substantial sectoral coverage in relation to services. It can apply to selected countries as opposed to others. Trade preferences are also possible under the Enabling Clause. While in this case reciprocal trade benefits are not required, the preferences must be granted to developing countries only, and no discretionary selection of them is possible otherwise than through objective criteria.
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Bibliographic InfoPaper provided by Inter-American Development Bank in its series IDB Publications with number 65118.
Date of creation: Sep 2011
Date of revision:
Globalization & Regionalization; Trade Agreements;
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